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Contact us to schedule a free consultation and discover how DMA can help you optimize your industrial property tax strategy.
Solutions for Complex Properties
Property used in manufacturing, data centers, energy, utilities, and other industrial businesses poses unique and complex property tax challenges. DMA specializes in reducing property tax liabilities and ensuring compliance for complex asset portfolios. With deep industry knowledge, our experts navigate the intricacies of property tax management to maximize savings for our clients.
Our Expertise
DMA’s property tax team is committed to providing tailored solutions that meet the specific needs of industrial asset owners across various sectors. Our seasoned professionals bring specialized expertise and a wealth of experience to every aspect of property tax management. We excel in accurate assessments, regulatory compliance, securing exemptions and abatements, and optimizing tax strategies to enhance financial performance.
Valuations & Assessments
Valuation Challenges
We understand the unique valuation challenges of industrial assets, allowing us to conduct thorough property tax assessment reviews to uncover opportunities for significant savings. Accurate assessments for both real and personal property, including machinery and equipment, can lead to substantial tax reductions.
Our comprehensive approach identifies opportunities for reclassification, ghost assets, pollution control measures, other abatements or exemptions, and quantifying extraordinary obsolescence.
Unitary Valuation Services
Managing the complexities of unitary valuation for centrally assessed assets is a specialized and unique area in property taxation. Our team has seasoned experts in relevant industries to bring the highest value to our clients by ensuring fair and accurate assessments. In addition to typical valuation approaches, we conduct reviews for opportunities such as business enterprise valuation allocations and identifying embedded intangibles.
Compliance and Risk Mitigation
Comprehensive Compliance Solutions
We offer outsourcing and co-sourcing options for property tax compliance, allowing businesses to focus on higher-priority projects while we ensure accurate and timely filings to reduce the risk of penalties and interest. We provide flexible, scalable services tailored to your needs, utilizing advanced technologies to streamline processes and enhance accuracy.
DMA handles return preparation and filing, assessment monitoring, tax bill tracking, and bill-payment services. With centralized, state-of-the-art facilities and built-in redundancies and controls, we offer these services with competitive pricing, leveraging our long history and scale.
Property Tax Audit Management
Our strategic approach to property tax audit management mitigates risks, ensuring accurate and well-documented records that withstand scrutiny. For personal property, this means meticulous record-keeping and audit defense to minimize liabilities. Our representation during audits often evolves from mitigating potential liabilities to securing refunds for prior years.
Fixed Asset Verification
Ensuring the accuracy of fixed asset records is crucial for effective property tax management. Our detailed verification process identifies discrepancies and opportunities for tax savings, supporting compliance efforts and minimizing liabilities.
Strategic Planning and Incentives
Lifecycle Management
Providing property tax valuation services for the entire lifecycle of your complex property, from forecasting and planning to tax minimization, compliance outsourcing, and end-of-useful-life strategies. Our comprehensive approach ensures that all phases of your property’s lifecycle are managed effectively, minimizing tax impact and maximizing savings.
Incentive Procurement and Negotiation
We proactively identify and secure incentives that significantly reduce your property tax burden. Our economic development experts work with state and local officials on your behalf to negotiate incentive packages.
Strategic Site Selection
Selecting the right site for your industrial operations has significant tax implications. Our site selection service evaluates potential locations based on tax factors, ensuring you make informed decisions that align with your strategic goals.
Portfolio Management
Full-Service Portfolio Management & Administration
DMA provides a comprehensive portfolio management service to ensure accurate assessments, precise budgets and forecasts, and timely tax payments. We continuously monitor your property assessments to maintain accuracy and fairness, managing market changes, jurisdictional reappraisals, and industry-specific cycles to mitigate surprises and keep your tax obligations predictable.
REPORTING
One of our core beliefs is maintaining transparency with our clients. By remaining transparent throughout the process, we illustrate the results achieved and the basis for the savings found. Our experts provide detailed and accurate reporting to keep you informed about your property tax liabilities, appeal statuses, compliance activities, and overall portfolio performance.
CLIENT PORTAL
Our powerful Property Tax Client Portal offers real-time access to data, documents, and insights, enhancing transparency and control over your tax strategy. Access the status of your assessments and tax liabilities, as well as the activities of your consultants, at any time.